derahmanov

derahmanov Updated 

Using Elliot Wave analysis, I think BTC currently is on minor wave 5 of intermediate wave 5 of primary wave A. Approximately the low will drop at the closest liquidity area at 21k , before it bounce back for the formation of wave B somewhere below 22k to 23% Fibonacci retracement level and dashed yellow line and could be making a wick just above 1D 200 EMA . I do...

derahmanov

99% Confidence It is now official that BTC has started its new bull market cycle after a confirmed weekly candle close above 25.5k. Major Wyckoff accumulation phase is over, now is the time to mark up the price. Elliot Wave analysis also confirmed that the whole move in the last quarter is a new cycle wave 1. And price has already made weekly candle close above...

derahmanov

If the price breaking out from the box or making an SOS, BTC will go higher to 34k, a wave 1 of the whole new cycle

derahmanov

Maybe this near "full-stack" technical analysis using Wyckoff and Elliot Theory along with relevant indicators such as Moving Average and Cumulative Volume Delta (CVD) will puzzled some of the traders who used to have a simpler analysis on the market. But to those who curious this is something that is really interesting to know. The chart above is showing us how...

derahmanov

BTC Outlook 2023-2027 (Revised) I think its almost confirmed with high confidence that this rally is bear market rally, not a rally of a new cycle that ends the BTC bear market. 25k is already its highest peak, it will going sideway for a while before resuming the drawdown to a lower level. Q1 2023 is one month left before it ends. This rally is the corrective...

derahmanov

Fresh new data and more information of significant factors brings me to a new deliberate prediction. The corrective wave that we are in is not a usual corrective wave. It could make twice as long as the two previous corrective waves in 2014 and 2018, an ABC move from a larger degree of Elliot Wave (Could be a wave 4 from the whole BTC movement since...

derahmanov

My Economic Outlook for 10-15 years ahead The rare double-dip recession October CPI report shows Inflation slightly decreased to 7.7% and The Fed already made a statement to decrease The Fedfunds Rate. Potential Fed pivot approximately will occur in Q1 or Q2 of 2023. That will be the time of disinflationary period or maybe we are already in by now. What to be...

derahmanov

Elliot Wave analysis shows that BTC is in an impulsive bearish move of C wave of weekly ABC correction. I think 20kish bottom from a technical perspective has a higher probability, but the current economic environment especially in the US does not incline into that option. The newest Consumer Price Index (CPI) report of May 2022 that just released yesterday is...

derahmanov Updated 

Hello Traders, BNX is already at the bottom of wave 2 and sits at the major support at $63, the same level before it pumped 70% in the first wave. What beautiful about this coin is, if this coin were able to make 70% in the 1st wave, this means it can go even bigger in the 3rd wave. RSI shows BNX is at oversold region and is ready to move. But remember guys...

derahmanov Updated 

Hello Traders, RVN has already launch from its major support at 0.09 and heading towards another key level at 0.11. Bat structure is spotted and currently RVN is moving at the right wing of it which at the same time is following its 3rd wave. Let see if this bat harmonic pattern that coincide with Elliot wave works out. RSI is already above 50 line and the MAs...

derahmanov Updated 

Hello Traders, After moving sideway inside the parallel channel/box for more than 3 days, HIGH is ready for another pump. Currently HIGH is trying to break for the second time to the already weakened resistance at 11.6 after the first wave hit it yesterday. HIGH just bounce back from the major support at 11.10 and RSI is about to cross 50 line, 3rd wave is...

derahmanov Updated 

BTC currently on wave 1 and already breaks 23% global Fibonacci line after recover from ABC correction for almost 40 days. Its already at the top of the Keltner Trend and there is a lot of space to go down back to 45k. If wave 1 ends here, correction for wave 2 have a potential to bring back down BTC to 45k, but if the 1st wave continue to break 53k and peak...

derahmanov Updated 

Hello Traders, RAD has just recover from its corrective move lately and already on a reversal. Its jumped out from a falling wedge and turned major resistance at 10.1$ into major support. Supported by several MAs and based on Elliot Wave Theory RAD seems to be about moving on its 3rd wave. A decent pump is expected. Buy: $10.5-11.5 TP1: $12.9 TP2: $16.9 TP3: $23.8

derahmanov

Hello Traders, Really incredible chart pattern to see here in weekly timeframe. PNT is making a huge triangle this whole year. At some point this coin will breakout if BTC manage to stay in good performance and could easily going 5x. If you look at the large wick in 25th January 2021, price could go back into that point in the near future. If the RSI breaks that...

derahmanov Updated 

Hello Traders, BICO has just recover from a corrective move and start to find some grip. Its already breakout from a descending channel and jumped from it, find some support at 3.6 line and also supported by some MAs. Elliot Wave theory shows that BICO currently on wave 3 or the money wave. A decent pump is expected. Let see how it goes. Buy: $3.6-$3.9 TP1:...

derahmanov

Hello Traders, WTC shows an interesting setup here. This coin was having a hard time back in 3rd December. WTC made a decent pump and it seems that it was trying to go back to May level at $2.9, but was invalidated by BTC big dump at 4th December. Lately it just breaking out from a descending triangle and currently moving back and forth inside a pennant. The...

derahmanov

Hello Traders, QNT has just recover from its corrective move lately and already on a reversal. Its jumped out from a descending channel and turned major resistance at $186.7 into major support. MAs supported and based on Elliot Wave Theory QNT seems to about moving on its 3rd wave. A decent pump is expected. Lets see how QNT goes. Buy: $180-$205 TP1: $249 TP2:...

derahmanov

Long sleep of this good project make it plunged to the bottom. But now ICP is gaining momentum. 1H timeframe shows a breakout from a falling wedge pattern and having a small pullback to get some support and its already cross 200 EMA Entry: 44-45$ TP1: 50$ TP2: 56$ High selling pressure probably will be around 50+$, so be cautious, take partial profit is always...